Price Reduced 7.14%

$975,000

Est. Mortgage $4,739/mo *

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Price History

$1,050,000
8/3/2025

$975,000
1/5/2026

848 NW 2nd Ave, Fort Lauderdale, FL, 33311

848 NW 2nd Ave, Fort Lauderdale, FL, 33311
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1972

Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest only!

Status:

Active

Type:

Commercial

Units:

5

Zoning:

RMM-25

Garage:

Common

Heating:

Window Unit, Wall Furnace

Cooling:

Wall/Window Unit(s)

Acreage:

0.15

Construction

Block

Days on Market:

257

Lease Term Type:

36 Months

MLS #:

A11841391

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373